---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-21-035890"
form_type: "8-K"
ticker: "CDZI"
cik: "0000727273"
company_name: "CADIZ INC"
filed_at: "2021-07-07T23:59:59+00:00"
generated_at: "2026-06-30T07:03:35.532576+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cadiz enters $50M secured credit facility with B. Riley, issues warrants

## Summary
- $50.0M senior secured term loans at 7% annual interest, due July 2, 2024.
- Proceeds used to repay ~$77.5M Wells Fargo debt, pre-fund $10.1M preferred dividends, and expenses.
- Lenders receive two warrants to purchase 500K shares each at $17.38 and $21.72 per share.
- Concurrent depositary share offering of 2.3M units raised ~$54.0M net for Series A Preferred Stock.

## SEC filing metadata
- accession: 0001213900-21-035890
- form_type: 8-K
- ticker: CDZI
- cik: 0000727273
- company_name: CADIZ INC
- filed_at: 2021-07-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/727273/000121390021035890/0001213900-21-035890-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/727273/000121390021035890/ea143812-8k_cadiz.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-21-035890
- JSON: https://secwatch.observer/filing/0001213900-21-035890.json
- Plain text: https://secwatch.observer/filing/0001213900-21-035890.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.